Capital Southwest Corporation amended its senior secured revolving credit facility. Total lender commitments increased from $510 million to $595 million. The amendment expands the uncommitted accordion feature. This allows a potential total facility size of up to $1 billion. The company gains greater capacity to fund new investments and support portfolio growth.
The updated agreement provides more favorable financial terms. These include a reduced interest rate margin. It also includes lower fees on undrawn commitments. The deal extends the facility's maturity. The revolving period now ends in September 2030. Final maturity is set for September 2031. This enhances Capital Southwest's balance sheet flexibility. It also extends its debt maturity profile. No maturities are now scheduled until 2029.